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Budget 2020 wishlist: Real estate sector for quick implementation of AIF regime to rescue stressed residential projects - Zint Design
As the countdown to Union Budget 2020-21 begins, the real estate sector, which is battling slow or stagnant sales, is seeking quick implementation of the alternative investment fund (AIF) regime to rescue stressed residential projects. “The pressure on the Union Finance Minister is as high as it could possibly be, considering the state of the economy. All sectors hope that the government will unleash a plethora of goodies — from tax cuts and other consumption boosters to increasing credit off-take from banks to ease liquidity. But real estate is looking for quick implementation of AIF,” said Anuj Puri, Chairman Anarock